We have 5 rentals in seperate LLCs that have created losses on our return.

@Chris F.I like to track job with/losses and median income for that area as well.

(Rental loss = repairs or renovations exceeding rental income)

While a conveyance via WD may provide the possibility of the Grantee suing the Grantor for a breach of the warranties and thereby triggering the insurers obligation to defend the Grantor or pay the covered loss, it is not the same as the Grantee being insured under the existing policy. 

Hi all, I've been having a hard time finding a landlord policy that will insure a condo and a property with a loss history.

Trail each purchase w a 10% downside stop loss limit order if you're not confident in the REIT, then continue your research on private real estate, and when you have the capital/team in place/knowledge of the local real estate market put it to work then, no rush. 

I've done a lot of reading and no one ever discusses losses, but surely there will be some? 

In the event of an insured loss, minor issues will generally be disbursed to the borrower, major losses can end up going to the first mortgage lender leaving the borrower with a property and a second note holder with a damaged property as collateral.

Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?

Cut the price in half and take a big loss.